Several U.S. utilities have been disposing of their unregulated assets are the returns are dictated by market dynamics, while regulated operations offer steady returns that are preferred by investors. Last year, Utility firms Duke Energy and American Electric Power announced sales of their unregulated assets. "From an operational and strategic perspective, we remain confident in and committed to our regulated natural gas utilities in Texas, Indiana, Minnesota, and Ohio where we have significant footprints and rate bases," said CEO Jason Wells in a statement.
Woodside should walk away from its proposed $57 billion merger with Santos rather than pay a premium for its smaller rival, a large shareholder said on Thursday, a sign of the deep divide between both sides over fair value.
Even though this is a historic agreement in that for the first time it commits to “transitioning away from fossil fuels”, it still leaves a role for oil and gas in future energy systems for a long time to come. [Gas in Transition, Volume 3, Issue 12]
Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot.